7-Eleven to Open Store in Dubai

Move Marks Company's Entry Into Middle East Market

7-Eleven Inc. has reached a deal with Seven Emirates Investment LLC to enter the Middle East market, the company said Monday.

The first store is expected to open in Dubai next summer.

Under the master franchise agreement, Sheikh Zayed bin Sultan bin Khalifa al Nahyan, grandson of United Arab Emirates president Sheikh Zayed Bin Sultan Bin Khalifa Al Nahyan, is to serve as president of Seven Emirates Investment LLC, a new company.

Dallas-based 7-Eleven and parent company Seven-Eleven Japan will provide startup support and set up a field office in Dubai.

"The U.A.E. is a growing and dynamic part of the world and is attracting investment from around the globe," 7-Eleven President and Chief Executive Officer
Joe DePinto
said in a statement. "It is the business gateway to the Middle East and offers an excellent environment for 7-Eleven's first retail venture in the region."